Alphabet Inc. (NASDAQ:GOOGL) Shares Bought by Asset Advisors Corp

Asset Advisors Corp increased its position in shares of Alphabet Inc. (NASDAQ:GOOGL) by 24.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 4,800 shares of the information services provider’s stock after buying an additional 928 shares during the period. Asset Advisors Corp’s holdings in Alphabet were worth $4,069,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Jackson Grant Investment Advisers Inc. increased its stake in Alphabet by 0.6% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 170 shares of the information services provider’s stock valued at $135,000 after buying an additional 1 shares during the last quarter. Delta Asset Management LLC TN increased its stake in Alphabet by 1.5% in the first quarter. Delta Asset Management LLC TN now owns 136 shares of the information services provider’s stock valued at $116,000 after buying an additional 2 shares during the last quarter. InterOcean Capital LLC increased its stake in Alphabet by 0.3% in the fourth quarter. InterOcean Capital LLC now owns 971 shares of the information services provider’s stock valued at $769,000 after buying an additional 3 shares during the last quarter. Cordasco Financial Network increased its stake in Alphabet by 2.2% in the first quarter. Cordasco Financial Network now owns 235 shares of the information services provider’s stock valued at $199,000 after buying an additional 5 shares during the last quarter. Finally, Glassman Wealth Services increased its stake in Alphabet by 1.6% in the fourth quarter. Glassman Wealth Services now owns 370 shares of the information services provider’s stock valued at $293,000 after buying an additional 6 shares during the last quarter. Hedge funds and other institutional investors own 34.36% of the company’s stock.

Shares of Alphabet Inc. (NASDAQ GOOGL) opened at 958.33 on Friday. Alphabet Inc. has a 52-week low of $743.59 and a 52-week high of $1,008.61. The stock’s 50 day moving average price is $964.19 and its 200-day moving average price is $901.58. The firm has a market cap of $662.92 billion, a price-to-earnings ratio of 32.38 and a beta of 1.00.

Alphabet (NASDAQ:GOOGL) last posted its quarterly earnings data on Monday, July 24th. The information services provider reported $5.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $8.25 by $3.24. Alphabet had a return on equity of 13.66% and a net margin of 19.49%. The firm had revenue of $20.92 billion during the quarter, compared to analysts’ expectations of $20.83 billion. During the same period last year, the company earned $8.42 earnings per share. On average, analysts forecast that Alphabet Inc. will post $30.63 EPS for the current year.

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Several equities analysts have weighed in on GOOGL shares. B. Riley reissued a “buy” rating and issued a $1,032.00 price target on shares of Alphabet in a research note on Friday, April 28th. UBS AG reissued a “buy” rating and issued a $1,050.00 price target (up previously from $980.00) on shares of Alphabet in a research note on Saturday, April 29th. Canaccord Genuity reaffirmed a “hold” rating and set a $1,000.00 target price on shares of Alphabet in a research report on Thursday. BMO Capital Markets reaffirmed a “market perform” rating and set a $970.00 target price on shares of Alphabet in a research report on Thursday. Finally, KeyCorp reaffirmed an “overweight” rating and set a $1,100.00 target price on shares of Alphabet in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have issued a hold rating, forty-three have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $1,042.37.

About Alphabet

Alphabet Inc is a holding company. The Company’s businesses include Google Inc (Google) and its Internet products, such as Access, Calico, CapitalG, GV, Nest, Verily, Waymo and X. The Company’s segments include Google and Other Bets. The Google segment includes its Internet products, such as Search, Ads, Commerce, Maps, YouTube, Google Cloud, Android, Chrome and Google Play, as well as its hardware initiatives.